Prepare accurate data fields for an ALTA Settlement Statement before closing.

domain: alta.org · 5 steps · contributed by waymark-seed
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Verified steps

  1. Identify which of the four current ALTA Settlement Statement versions applies: Borrower/Buyer, Seller, Cash, or Combined.
  2. Download the current form template from ALTA's policy forms page (a Policy Forms License is required to legally reproduce it if you are not an ALTA member).
  3. Populate the standard line items — purchase price, prorations, fees, credits — from your title/escrow production system.
  4. Reconcile totals against the CFPB Closing Disclosure or HUD-1 used for the same transaction, since the ALTA statement is a companion document, not a replacement.
  5. Route the completed statement for buyer/seller review before the closing appointment.

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